Monday, August 31, 2009

Performance for 31st Aug 2009

SELL STERLITE BELOW 679 MADE A LOW OF 668.55


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Friday, August 28, 2009

Performance for 28th August 2009

BUY RIL AT 2064 MADE A HIGH OF 2080

BUY HDIL AT 313 MADE A HIGH OF 317.8

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MARKET REPORT 28TH AUGUST 2009

U.S. economy shrinks less, jobless claims fall
Indian ADRs: Patni down 5.2%, MTNL down.
In the telecom pack, Tata Comm was down 0.61% at $21.11 and MTNL was down 2.78% at $3.84. In the banking space, ICICI Bank was up 0.03% at $31.40 but HDFC Bank was down 0.50% at $97.65.
In the IT sector, Infosys was up 1.38% at $44.82, Wipro was up 0.62% at $16.20, while Patni was down 5.23% at $17.41and Satyam was down 0.91% at $5.45.
In the other space, Dr Reddys was down 1.49% at $16.48, Tata Motors was down 0.33% at $12.06 but Sterlite was up 0.79% at $13.98.
NTPC to float bulk tender for supercritical power equipment.
BSNL to offer $500-m GSM contract to Ericsson.
Apollo Hospitals to get $50-m loan from IFC.
Thermax, SPX Corp ink power JV; eye $100m in yearly sales.
Tata Steel posts Rs 2,209 cr loss in Q1.
View:- SELL TISCO BELOW 417 TGT 401 SL 426.

Wipro wins Fosters' contract.
FTP sets $ 200 billion export target.
ExxonMobil in talks with local vendors for $1billion IT contracts.


SINGAPORE NIFTY IS TRADING AT 4,690.0 DOWN BY 15.0 POINTS.

Performance For 27th August 2009

BUY SBI AT 1762 MADE A HIGH OF 1769.

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Thursday, August 27, 2009

Market Report 27th August 2009

FIIs net buyers Rs 435cr in F&O on Wednesday.
Alstom plans metro rail coach facility in Sri City.
Asarco fight nears end; decision seen by Aug. 31.
Asian shares slip, wary of buying fatigue.
Apollo begins project to connect health players.
Tata Sons busy behind closed doors at equity infusions.
5 power projects may get K-G gas this week.
Carmakers eye festive demand, hit hiring lane.
IT majors bag $1.5-billion outsourcing deal from BP.
Webel SL raises Rs 45.40cr.
Satyam BPO on hiring spree.
Union Bank may fail to achieve projected credit growth of 25%.
Maytas Infra sells 30% stake to Nagarjuna, Gayatri Projects.
Food processing in ITI syllabi soon.
Ticel biotech park II to attract Rs 500 crore.
Tata Tele rings in more numbers, looks to nationwide GSM launch.

Singapore Nifty is trading at 4,655.0 down by 28.5 points.

Wednesday, August 26, 2009

Performance for 26th August 2009

BUY DLF AT 401 MADE A HIGH OF 406.8

BUY STERLITE AT 665 MADE A HIGH OF 694.4


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Market report for 26th august 2009

U.S. housing, confidence data point to recovery.
FIIs net buyers Rs 333cr in F&O on Tuesday.
Asian markets open +ve; Taiwan Weighted Index slips 2%.
Pyramid Saimira board OKs raising up to $100 mln.
GSS America locked at 10% upper circuit.
Exploration success ratio at 60-70%: Oil India.
IBM signs IT service deal with Nomura India.
JSW Energy IPO in October.
Maruti rolls out small car Estilo at Rs 3.12-3.95 lakh.
Mitsubishi gets 5% of Iraq gas project.
Rose Valley plans Rs 1,000 crore investment in TV entertainement.
Dharani Sugars' Rs 335cr plant to go on stream next month.
Nalco in race for Maharatna status.
India's April-July tobacco exports surge by 39%.
TPG India's open offer for Shriram City to begin on Aug 27.
Globus Spirits IPO opens on Aug 31, to raise Rs 75 cr.
Aban Offshore wins contracts with $695 mln revenue.


SIngapore Nifty is trading at 4,679.5 up by 19.5 points.

Performance for 25th August 2009

SELL BHARTI BELOW 410 MADE A LOW OF 403.3

SELL SBI BELOW 1770 MADE A LOW OF 1741.

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Tuesday, August 25, 2009

Market Report August 25th 2009

US mkts end flat after 4-day of rally.
Nikkei falls 0.6 pc after rally; exporters slip

Market cues: FIIs net buy $ 112 mn.
Indian ADRs: Tata Motors gains 7.3%, Patni up 5%.
India plans gas-based power plant in Iran.
Indiabulls' REIT files for Singapore $200mn rights issue.
RIL hits back,says KG cost among world's lowest.
Wockhardt sells 10 hospitals to Fortis.
LIC arm to finalise realty venture fund partner this month.
$2-bn World Bank fund for public sector banks soon.
Reliance Money may up stake in NMCE by 5%.
Coal-fired power plants get loan for upgrade.
Freeze 2G spectrum, first conclude 3G auction: FinMin.
A first: BSE launches IPO index.


Singapore Nifty is trading at 4,610.0 down by 26.0 points..

Performance For 24Th August 2009

BUY RIL GIVEN AT 1967 MADE A HIGH OF 1980.9



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Monday, August 24, 2009

Market Report For 24th August 2009

FIIs net buyers Rs 514cr in F&O on Friday.
FIIs turn net sellers in August.
FIIs selling in China and India, buying in Russia.
MFs net buy Rs 337 cr in equities on Aug 20.
Oil rises above $74, nears 10-mth high on recovery hopes.
Asian markets surge, Nikkei gains 3%.
‘Rates may rise by up to 50 bps in fourth quarter’
PFRDA norms for companies soon.
DoT to seek legal view on extra spectrum allocation to operators.
Lower margins in Q2 for Indian petro refineries, say analysts.
4G threatens to spoil govt's 3G party.
EIL achieves financial closure of debt for 2.2 mtpa integrated plant.
BEL seeks JVs to bridge gaps in tech.

Singapore Nifty is trading at 4,604.5 up by 72.5 points..

Thursday, August 20, 2009

MArket report for 20th august 2009

Wall St gains as oil data rekindles recovery hopes
Wikipedia launches iPhone application.
Maruti India expects double-digit growth.
ICICI aims for 15-20% growth in SME biz.
KKR, Bain Cap join race to acquire 50% stake in WNS.
RBI wants govt to re-appoint Gopinath as deputy governor.
Glenmark takes 17% knock, biggest in 2 months.
Glenmark's flagship drug hope dies in clinical trials.
Sun wins US court ruling in Eli Lilly patent challenge.
IT/ITeS firms operating income grows 15%.
Indian Auto Gas to set up 1,000 stations by '13.
Air India may vacate Nariman Point HQ.
Usha Shriram targets 20% sales growth.
M&M wins disputed internet site case at WIPO.
Narayana Murthy to join NPCI board.
Panacea bags Rs 1,000-crore Unicef contract.
Australian policy to benefit Suzlon, Tata Power.
Bank of Rajasthan eyes Rs 250cr QIP with 7-8% eq dilution.
Infosys, Mahindra Satyam, Capgemini vie for $200 mn Bombardier deal.
MTN keen to sign indicative agreement with Bharti by Aug 28.
Sterlite may raise Asarco bid to $2.1 bn: Sources.
No rights issue on cards; FY10 net to grow at 40%: SBI.
NHPC IPO response exceeds expectations: Power Min.
Half the country drought-hit.
Rice output may dip by 10 MT.


Singapore Nifty is trading at 4,448.5 up by 46.5 points.

Performance for 19th August 2009

SELL INFOSYS BRELOW 1950 MADE A LOW OF 1935.

SELL RIL BELOW 1921 MADE A LOW OF 1871.

SELL TCS BELOW 500 MADE A LOW OF 494.


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Wednesday, August 19, 2009

Market Report for 19th August 2009

Nikkei dips 0.2 pct in cautious trade; Sanyo surges.Toyota to buy batteries for hybrids from Sanyo - source.
WTO top court rejects U.S. anti-dumping appeal.
Qantas net profit drops 88%.
Microsoft legal chief sees risk in Yahoo deal.
US targeting 150 UBS clients for tax evasion.
Cairn to start producing oil in Rajasthan soon.
Genpact in race for Warburg Pincus' 50% stake in WNS.
Divestment of 7 cos in a year: Ashok Chawla.
Direct tax code needs to clear air on STPI, MAT: TCS.
Numeric Power rises 20% on bonus issue.
Bharat Forge up 8.5% on fund-raising plan.
Poor monsoon to hit growth: Montek.
Poor monsoon due to El Nino winds from Pacific.
Poor monsoon may put pressure on inflation: RBI.
Exports fell 26% in July: Trade secy.
DLF Pramerica to infuse Rs 150-200 cr by next year.
SBI to launch host of PE funds.
Govt cuts minimum export price for basmati by $300/tn.
Sugar firms to help calm prices.
Unitech Wireless gets Rs 5k-cr loan from SBI.
ADAG, Dreamworks JV completes first phase of funding.
AB Nuvo expects Rs 600-cr infusion from warrants.
Pantaloon to raise Rs 500 cr by selling non-core biz.
NG Group targets intnl players for Gallops SEZ.
Tatas to finalise deal with Nano vendors at Singur.

Indian ADRs: Satyam up 5.2%, Sterlite up 3.7%

Singapore Nifty is trading at 4,440.0 down by 15 points.

Performance for 18th August 2009

BUY BHARTI AT 405 MADE A HIGH OF 415.45

BUY SUZLON AT 88 MADE A HIGH OF 89.15

BUY BANK NIFTY AT 7235 MADE A HIGH OF 7300


BUY FSL AT 33 MADE A HIGH OF 35

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Tuesday, August 18, 2009

Market Report 18th Aug 2009

Nikkei edges up on short-covering; eyes on China
Exports, stimulus help Japan pull out of slump.
Wall Street dives amid recovery worries.
Infosys among world's 100 fastest growing cos: Fortune.
DreamWorks closes film financing deal with Reliance.
Bharti close to raising MTN funds.Airtel plans to connect global telcos.
FTP on August 27, to focus on job creation.
CDC sees domestic spending drive China, India.
Rupee falls 51 paise to 48.96 against dollar.
HDFC raises Rs 4k cr via debt-equity combo.
Coal India plans subsidiary in Mozambique.
RIL to sell 35% stake in 2 onshore oil blocks in Yemen.
RIL open to CAG audit.
NTPC may move SC on RIL gas row this week.
Cairn JV seeks $6.75 per mBtu for Ravva gas.
Jaguar Land Rover may break even by FY11.
Oil at two-week low of $65/bbl.
Raw jute prices fall 40% on fear of change in packaging order.
Russia lifts ban on Indian seafood imports.

Singapore Nifty is trading at 4,351.0 down by 24.0 points.

Todays Stock Pick >> BUY BHARTI ABOVE 405 FOR A TARGET OF 410..SL 401.

Performance for 17th August 2009

SELL ICICI BANK GIVEN AT 730 MADE A LOW OF 702.1


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Monday, August 17, 2009

Market report for 17th august 2009.

Asia trading weak; Hang Seng, Nikkei, Straits Times down 2%
Hang Seng tumbles 2%
MTN directors meet today to take stock of $23bn Bharti deal.
Provogue India board OKs share buyback.Provogue India Ltd said on Friday its board approved spending 500 million rupees to buy back 5 million shares at a maximum price of 100 rupees each.
View;- Investors can Buy Provogue for short term gains.
Maruti to drive in Kizashi to give rivals a tough ride.
Edelweiss expects TCS to report Q4 net profit of Rs 12.2bn.View:-Buy TCS above 528 tgt 533.sl 524.Foreigners hold 23% in BSE-500.
Doha deal could boost world GDP $300-700 bn: Study.
Lack of projects forces Wipro to shift staff from city centre-Bhubaneshwar.
Monnet power plant work on schedule.
Two berths of Dhamra port by mid-2010.
Moser Baer uses mobile vans to sell CDs, DVDs.
Gold set to surge on festive buying.
UP declares 58 of 70 districts drought-hit.
Rs 19k-cr highway projects to be awarded soon.
Coal India plans a price hike of 11%.
BHEL Trichy eyes Rs 10,000 cr turnover.
Quippo to take equity route to raise Rs900 cr.


SIngapore Nifty is seen trading at 4,490.5 down by 70.5 points..

Performance for 14th August 2009

Sell AXIS ABNK GIVEN AT 865 MADEA LOW OF 861.25.
SELL INFOSYS AT 2037 MADE A LOW OF 2026.


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Friday, August 14, 2009

Market Report 14th 2009.

US markets gain on Wal-Mart results
Indian ADRs: Sterlite up 4.4%, ICICI Bank gains 4%.
Tata Motors readies 8,000-crore capex.
Pantaloon sales in Pune down by 20 per cent: Biyani.
Kishore Biyani plans to raise Rs 1000cr.
PM forms 4-member panel to solve RIL-RNRL gas dispute.
Colgate-Palmolive declares interim divdend of Rs 8 per share.
EGoM on 3G to meet on Aug 27.
IIFCL to raise $500 mn through UK subsidiary.
Govt to take up proposal for hiving off VSNL's surplus land.
Inflation still negative, touches 33-year low.
Usha Martin gets carbon credits worth Rs 4.4 cr.
Tension at the Jindal Steel Kalinganagar plant.
2009-10 will be worse, says Jet.
Everyone will be an LCC and everyone stands to lose: Capa.
Godrej may buy some Sara Lee International assets.
Manufacturing sector relatively cheerful now, says KPMG survey

View FOR Today SELL M&M BELOW 771 FOR A TGT OF 752.SL 783.

SINGAPORE NIFTY IS TRADING AT 4,600.0 DOWN BY 21.0 POINTS.

Performance for 13th Aug 2009.

BUY DLF GIVEN AROUND 380 MADE A HIGH OF 401.95

BUY RELCAP GIVEN AT 845 MADE A HIGH OF 861.7

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Thursday, August 13, 2009

Market Report 13th August 2009

US markets rally on Fed Reserve decision
Govt looks to implement new I-T law from 2011.
First lot of Unique ID in 12-18 months.
RIL, IGL to sign gas supply pact.
Gurajat NRE Minerals gets NoC to aquire Rey Resources.
EWDPL for Rs 500-cr IPO by year-end.
Tata Chem to increase stake in Rallis India.
BSNL garners 40,000 3G customers.
Nickel imports seen up 15-20%.
RBI bought $1.04 bn in June intervention, largest.
Raj Oil Mills lists; co sees FY10 revenue at Rs 425cr.
Cargo traffic at major ports to grow at 5.2%: CMIE.
Maruti rolls out 1,00,000th A-Star; Manesar achieves 5 lk mark.
Celent sees mutual fund assets at $500 bn by 2014.
Orchid Pharma settles patent row with Schering-Plough.
MphasiS acquires AIG's IT arm in India.
June industrial output up 7.8 pct y/y.
DLF and IL&FS JV to build Gurgaon Metro.
Tata Chemicals to buy 35.8% stake in Rallis India.
Adlabs’ board approves raising up to Rs600 cr.

Singapore Nifty trading at 4,550.0 up by 78.0 points..

Performance for 12th August 2009.

BUY BHARTI GIVEN AT 393 MADE A HIGH OF 409.4

BUY AXIS BANK GIVEN AT 862 MADE A HIGH OF 876.

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Wednesday, August 12, 2009

Market Report 12th august 2009.

U.S. EIA cuts world 2009 oil demand forecast
OVL eyes Russian partner to bid for Argentina's YPF
PTC Fin may raise Rs 1.5k cr through IPO by FY11-end.
Wipro close to Rs 1,500-crore IT deal with Etisalat.
Eight-month high yields lure buyers.
Microsoft plans Office tie-up with Nokia.
MAGFIL may raise Rs 3,250 cr.
July exports dip 26.2%.
HCC targets Rs 100000cr revenue in 10 years.
Tatas no longer need UK govt's help for JLR.
Dry run prompts FM to revise growth projection to 6% plus.
Retail food prices up 32% in June-July.
DLF to raise Rs 700 cr for Metro project.
Ashok Leyland in pact with Belgian company.
Sales, profits in steel sector decline in Q1.
Tata Steel cuts long product prices.
Apollo Tyres plans capex of Rs 900 cr.
SUUTI won't participate in Axis Bank pref issue.
Gujarat NRE to commission its NSW mine soon.
Fresh Naxal threat to Nalco mines complex.
Indian ADRs: Tata Comm slips 5.5%, Satyam down 3.8%.
US markets slip; Nasdaq, Dow drop 1%.
FIIs net buyers Rs 688cr in F&O on Tuesday.
Asia trading lower; Shanghai Composite down 1.5%.
Singapore Nifty is trading at 4,400.5 down by 67.5 points.

Performance for 11th August 2009

BUY NIFTY FUTURES GIVEN AT 4476 MADE A HIGH OF 4515.


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Tuesday, August 11, 2009

Market Report 11th aug 2009

FIIs net buyers Rs 150cr in F&O on Monday
Asian markets mixed in early trades.
Car sales up 6th month, seen picking up.
Weak monsoon may impact GDP growth.
JLR gets 75 million pounds financing facility.
Mundra port up 3.36% on Goa order.
DTH operators may have to offer inter-operable boxes.
Tyre exports dip 25% in Apr-May, as competitors get aggressive.
IOC-Adani win CNG rights.
UK co buys 90% stake in DB Power Electronics.
GMR eyes London listing for holding company.
US ExIm Bank commits $2.45 bn for infra projects.
Cochin Shipyard net up 70.21%
FMCG players mull 3-6% hike in biscuits, confectionary prices.
Petronet to buy 1.5 mt LNG from Exxon's Aus subsidiary.
April-July direct tax receipts rise 3.27%.
Singapore Nifty is trading at 4413 up by 25 points.

Monday, August 10, 2009

Market Report 10Th august 2009

MArkets may open with a positive gap.Singapore Nifty is trading at 4,555.0 up by 88.0 points.
Asian markets surge in early trades.
FIIs net sellers Rs 792cr in F&O on Friday.
Oil extends decline amid strength in U.S. dollar.
AI, Kingfisher & Jet may go no-frills on most domestic routes.
Infy, Wipro set up units to tap Indian, foreign govt mkt.
Moser Baer gets SC notice on Rs 2,978-cr tax evasion.
Essar in race for Shell refinery: Report.
Tata Motors may buy Thonburi stake in Thai truck JV.
RBI wants to regulate housing finance firms.
NTPC likely to set up power plants in Nigeria, Sri Lanka.
Tata Power Trading approaches CERC against power exchanges.
Reliance, Lanco, Essar, L&T, GVK in race for Hyd Metro.

Performance for 7th august 2009

SELL SBI GIVEN AT 1760 MADE A LOW OF 1720.

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Friday, August 7, 2009

Market Report for 7th August 2009

US markets drop ahead of jobs data.
Asian markets drop in early trades.
Auto, metals send sensex into a 390-point tailspin.
FIIs net sellers Rs 311cr in F&O on Thursday.
Indian ADRs ended in red on Thursday. In the IT space, Satyam Computers was down 6.05% at $ 5.59, Infosys was down 2.14% at $ 43.52, Patni Computers was down 2.97% at $ 14.38 and Wipro was down 0.85% at $ 15.17.
In the banking space, HDFC Bank was down 2.67% at $ 97.52 and ICICI Bank was down 1.7% at $ 32.4. In the telecom space, MTNL was down 2.12% at $ 4.16 and Tata Communication was down 0.83% at $ 20.27.
In other sectors, Sterlite Industries was down 5.11% at $ 13.37, Dr Reddy’s Labs was down 3.76% at $ 16.4 and Tata Motors was down 2.84% at $ 11.28.
BSNL revenue arrears stand at Rs 7,483 crore for 2007-08.
BSNL-MTNL merger only after BSNL listing: Government.
Telecom users swell by 12 mn in June.
Textile cos to get Rs 2,546 crore in 72 hours: Maran.
Inflation still in negative zone, but food stays on hot plate.
'RIL gas field cannot sustain at $2.40 mBtu'.
Monsoon 64% below normal during the week to 5 Aug.
Pest industry may take 15% hit if monsoon fails to revive.
Realty firms may get Rs12,000 crore push.
Oilmeal exports dip 63% on poor demand.
DCB up 10.92% on fund-raising.
Jindal Poly Films rises on buyback.
Maharasthra sugar mills to advance cane crushing by one month.
Come Aug 10, MFs will disclose inter-scheme bond transfers.
NHPC's IPO to hit market today, co looks to raise Rs 6k cr.
Bank strike hits cash, forex deals.

Singapore Nifty is trading at 4,546.5 down by 38.5 points.

Thursday, August 6, 2009

Performance for 6th August 2009

SELL INFOSYS BELOW 2071 MADE A LOW OF 2040.
SELL TISCO GIVEN AT 462 MADE A LOW OF 449.5.
SELL SBI AT 1819 MADE A LOW OF 1789.


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Market Report 6th August 2009

Nifty is Finding it difficult to stay above the psychological 4700 levels.Markets are in a Over-Bought Situation.
Investors>> stay cautious.
FIIs net sellers Rs 224cr in F&O on Wednesday.
US markets drop on weak data.
Asian markets in red; Shanghai Composite tumbles 3%.
S&P downgrades Tata Motors on concerns over JLR.
Lloyds makes H1 loss as bad debts hit 13 bn.
Subros guides Rs 1,000 cr revenues in FY10.
L&T seeks regulatory nod to sell Satyam stake.
Lodha Dev to raise Rs 2000cr via IPO in Oct-Nov: Sources.
Reliance Media World to be listed on BSE, NSE.
Aggressive lending rates, high-cost deposits bleed SBI’s retail business.
RIL to acquire majority stake in Andhra gas distribution company.
Govt clears deck for NMDC stake sale.
Rel Infra wins Rs 11,000cr Mumbai Metro-II proj.
BHEL bags Rs 2,600 cr order for Orissa power plant.
Jet gets September deadline for Mumbai property.
Mini ratna RINL to get coveted Navaratna status soon.
Dr Reddy’s Lab launches ‘Finrid’ in India.
Five more power plants seek gas from RIL’s KG-D6 fields.
Infosys pursuing deals worth $1 bn this quarter.
Tatas look to buy out AIG in life insurance JV.
Canara Bank cuts auto loan rates.
BSE to acquire 15% stake in United Stock Exchange.
June sees highest power deficit in five years
Wipro may soon bag big-ticket outsourcing deals.

Singapore Nifty is trading at 4668 down by 28 points..

Performance for 5th august 2009.

BUY RIL GIVEN AT 2069 MADE A HIGH OF 2084.
BUY SESAGOA AT 245 MADE A HIGH OF 255.7
SELL MARUTI AT 1455 MADE A LOW OF 1431.
SELL HDIL AT 269 MADE A LOW OF 268.


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Wednesday, August 5, 2009

Performance for 4th August 2009

SELL SESAGOA GIVEN AT 268.IT MADE A LOW OF 265.


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Tuesday, August 4, 2009

PERFORMANCE ON 3rd August 2009

SELL RELCAP GIVEN AT 868 MADE A LOW OF 862.25
BUY MARUTI GIVEN AT 1441 MADE A HIGH OF 1484


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market Report 4th August 2009

S&P ends above 1K, Nasdaq above 2K post manufacturing data
Market cues: FIIs net buy $163.5 mn.
Maruti, M&M drive markets up to 14-month high.
Indian ADRs: Sterlite up 8.2%, Tata Motors gains 7.2%
Indian ADRs rallied on Monday. In the IT space, Satyam Computers was up 7.14% at $ 5.4, Infosys was up 3.14% at $ 44.38, Wipro was up 4.13% at $ 15.12 and Patni Computers was up 1.11% at $ 15.42.

In the banking space, ICICI Bank was up 5.9% at $ 33.2 and HDFC Bank was up 3.44% at $ 101.13. In the telecom space, MTNL was up 4.28% at $ 4.39 and Tata Communication was up 3.53% at $ 21.1.
Asian markets trading firm; Hang Seng, Nikkei up
Oil pauses after 3 pct rally, supply build up seen.
Bombay Dyeing Q1 net loss at Rs 19.7 cr.
Orchid Chemical Q1 net loss at Rs 29.8 cr.
L&T Plans QIP of $600 million.
MCX-SX to sell 47% stake, may fetch Rs 3k cr.
Bharti, MTN extend deal deadline by a month.
Exports continue to head south, plummet 27% in June.
Mahindra looking to expand non-tractor farm equipment biz.
L&T bags Rs 5,300-crore Bombay High revival order.
Sun Pharma settles patent dispute with Astra Zeneca .
Adani Power IPO price fixed at Rs 100 per equity share.
Tata Motors delivers 2,475 Nanos in 15 days.
Indian Hotels to raise capital through debt, equity


SIngapore Nifty is trading flat at 4,730.


Monday, August 3, 2009

Market Report 3rd August 2009

FIIs net buyers Rs 660cr in F&O on Friday

Asian markets mixed; Nikkei dips
Oil extends gains on US recovery hopes.
IT majors chase Rs 2,500-cr railways' outsourcing deal.

MTN board meet on Aug 18.Bharti Airtel and South Africa's MTN are likely to announce this week the status of the proposed merger to create a $23-billion entity, as the period for exclusive talks between them expired on July 31. The telecom majors could not come to any conclusion in their exclusive talks, which had started on May 25, for a possible share swap deal between the two firms, said market sources.
NTPC may lose up to Rs 30k cr: Anil
Jaiprakash Associates inks MoU for Rs 1,050 cr cement plant in Assam.
PFC to raise Rs 90,000 crore.
Reliance Infra's order-book set to cross Rs 50,000 crore.
FT may offload 52% in MCX-SX by Sept-end.
IMF gold sales may begin in 2010.
Govt to levy 10% ad valorem tax on iron ore.
Needed: 8 lakh Mw power for 9% growth.

SIngapore Nifty is trading at 4,675.0 up by 21.0 points..